Impact of implementation of the Dependency Act on the Spanish economy: an analysis after the 2008 financial crisis.

ABSTRACT: The aim of this paper is to assess the industry-wide impact of Long-Term Care (LTC) spending on the Spanish economy. LTC spending includes beneficiaries' copayment and the impact is quantified in terms of output, employment and value added. To this purpose, we use an input-output model of the Spanish economy that allows us to further describe how the value added generated is distributed throughout the economy according to the existing benefit-mix (in kind services, cash benefit for informal care and cash benefit for personal assistance). Additionally, the model provides results on how the return on LTC spending would improve by using only in-kind services instead of the benefit mix currently in place. The 2012 Spanish Input-Output Table at current prices was extracted from the WIOD Databas

SUBMITTER: Del Pozo-Rubio R 

PROVIDER: S-EPMC8336904 | biostudies-literature | 2022 Mar

REPOSITORIES: biostudies-literature